urbanSTL

Walgreens plans to close its distribution center here because of "restructuring," affecting 393 workers, according to a notice filed with the state. 
Layoffs will begin Aug. 28, according to the notice, filed June 29. 
Walgreens reached out to Madison County in late June, before the filing, and inquired about setting up resume workshops for employees at the distribution center, said Tony Fuhrmann, director of the county's government and training department.

"We knew something was going on but we did not know the magnitude," Fuhrmann said.
In May, Walgreens Boots Alliance announced the slashing of about 10% of its corporate workforce, many in Chicago and Deerfield.

gone corporate wrote: ↑

Jul 10, 2023

Miss Shell wrote: ↑

Jul 07, 2023

dbInSouthCity wrote:West County office scene keeps taking beatings.  

And then what do you do with those offices when they're empty? These really can't be reused as condos, apartments, or hotels, unlike city buildings.

Server farms? We're going to need to more than double the amount of cloud space out there with generative AI becoming viable, especially with the transition from CPUs to GPUs. 

Officials could issue $117 million in bonds for the construction of Performance Food Group Inc.'s new facility at NorthPark business park, east of Interstates 170 and 70, as well as approve 10 years of tax abatement and sales tax exemption on construction materials for the company's expansion.
The new facility would be larger than the company's longtime location on North Broadway in the city of St. Louis and would accommodate the relocation of 315 jobs and the creation of 92 new jobs, according to a July 18 letter to County Executive Sam Page from Rodney Crim of the St. Louis Economic Development Partnership.  


"Without the support of St. Louis County, the company would not be able to fully develop this new regional location and would need to identify alternative options," according to the letter.

dbInSouthCity wrote: ↑

Apr 30, 2022

Don’t know the timeline yet but Downtown will be picking up an HQ from out of region/out of state.

One of the largest companies headquartered in downtown St. Louis is conducting a search for a potential new office, with the option of moving out of downtown when its lease expires in a couple years.
FleishmanHillard, an international public relations and marketing agency headquartered in St. Louis with 79 offices in more than 30 countries, is keeping its options open whether to stay downtown or look elsewhere, a spokesperson said.

The company occupies just under half the overall space in the 200 North Broadway building, or about 130,000 of the building’s 304,490 square feet.
The agency confirmed that it “has a couple years left on our current lease and is keeping its options open at this time,” an agency spokesperson said. A person familiar with the matter said FleishmanHillard's current lease expires in March 2025.

In a separate search, downtown law firm Thompson Coburn is also examining its options, a person familiar with the matter said. The firm is one of the largest tenants in the 36-story U.S. Bank Plaza building on Washington Avenue, where the owner, a joint venture of MAP and Atlanta-based Crescent Investment Group, is considering upgrades that would create outdoor green space for tenants. Thompson Coburn did not respond to a request for comment.

The building at 200 N. Broadway, occupied by Fleishman since 1985 and historically known as St. Louis Place, was renovated in 2019 to add an amenities floor. The building is also anchored by another longtime tenant, planning firm PGAV, and houses occupants such as creative agency Nitrous Effect, which doubled its space and moved four of its companies to the building in 2019.

Latch will relocate its headquarters from New York to 1220 N. Price Road in Olivette. It currently has 16 employees in St. Louis and said Monday it plans to grow its local staff to 30-plus.

STLEnginerd wrote: ↑

Sep 20, 2023

stl07 wrote: ↑

Sep 19, 2023

Cue incoming criticism that they are moving to the county and not Cortex and that they should have stayed in NY

Why would anyone say that?  a move from city to county is loss to the city with zero net gain.  A move from NY to STL is loss for NY.

Advantage Solutions (NASDAQ: ADV), led by former Anheuser-Busch and Schnuck Markets executive Dave Peacock, on Tuesday announced plans to relocate its main corporate office from Irvine, California, to Clayton.

The advertising services company, which provides outsourced sales and marketing solutions to consumer goods companies and retailers, does a lot of business on the East Coast and throughout the Midwest, said Peacock, a native St. Louisan. St. Louis’ central location will allow it to be better-connected to its clients and employees across the country, he added. “As someone who grew up in St. Louis, it’s exciting to be able to bring a publicly traded, Fortune 1000 company to St. Louis,” he said.

Advantage signed a 10-year lease for 6,000 square feet of office space at Commerce Bank Tower, located at 8001 Forsyth Blvd. in Clayton. The company, which is currently in a temporary office space in St. Louis and expects to complete its move during next year’s first quarter, worked with global commercial real estate services firm Cushman & Wakefield in securing the space, officials said. Advantage, with about 30 salaried and more than 400 total workers in the region, is looking to hire a few more leadership positions in St. Louis, Peacock said. He expects there to be between 30 and 40 individuals working at Advantage’s Clayton office. The company employs more than 60,000 workers globally, according to its website.
It also won't be requiring any of its employees to relocate to St. Louis, and it will retain its office space in Irvine, Peacock said. Advantage has offices in multiple large markets across the country, nearby to the companies with which it works closely. Dubbed “collaboration centers,” these offices are in cities including Cincinnati, where grocery giant The Kroger Co. is based; Bentonville, Arkansas, where mega-retailer Walmart Inc. is based; and Minneapolis, where Target Corp. is based; as well as in New York and Chicago.

“It’s sort of the new way of working, right?” Peacock said. “You have people working in various locations, but you come together to collaborate.”
Advantage flies people across the country between its offices and officials’ hometowns, he said, as technology and travel have made it possible for companies in a post-pandemic landscape to have “pretty dispersed” management teams. With its new headquarters in Clayton, Advantage will put a larger focus on having company members travel to St. Louis.